Once, not long ago, booking a table at a hot new restaurant didn’t entail a midnight dash to Resy. Truly, we didn’t know how good we had it then. Hours-long lines out the door are now the norm, not the exception, in major cities from New York to Los Angeles. One reason is that restaurants […]
Shares in digital payments firm MobiKwik surged 82% to ₹507.5 ($6) on their first day of trading, as the Indian fintech company made its market debut amid fierce competition from larger rivals. The listing pushed MobiKwik’s market value to $464 million, well above its initial target of $250 million for the public offering. This remains
India’s MobiKwik surges 82% in market debut Read More »
With cloud spend continuing to surge, tech companies are scrambling to meet demand for the necessary infrastructure, with the growing need for AI compute only adding fuel to the fire. By way of example, Microsoft and BlackRock have created a $30 billion fund to support new data centers and energy infrastructure for the burgeoning AI
Google joins $90M investment into Cassava to bolster Africa’s digital infrastructure Read More »
Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion). Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth. The round is one of the largest venture rounds in history, and will drive future future mergers and acquisitions,
Databricks raises $10B as it barrels toward an IPO Read More »
Online merchants can usually pay up to 8% of every sale on an item to companies like PayPal, Apple Pay, and Stripe — and those costs are usually passed to consumers. So-called ‘account-to-account’ or ‘A2A’ payments can cut transaction fees to below 1%, saving merchants and consumers quite a bit of cash. The difficulty has been
While some account-to-account payments players falter, Volume raises fresh cash Read More »
Colin Angle, one of the co-founders of Roomba maker iRobot, is raising cash for a home robotics venture. A filing with the U.S. Securities and Exchange Commission reveals that Angle’s new company, Familiar Machines & Magic, is trying to raise $30 million. So far, it has raised $15 million from a group of eight investors.
iRobot co-founder’s new home robot startup hopes to raise $30M Read More »
Despite the tight venture capital market, unicorns are still being created every month. Using data from Crunchbase, CB Insights, and PitchBook, TechCrunch tracked down the newly minted unicorns so far this year. The list includes Elon Musk’s xAI, which is already valued at a staggering $24 billion, as well as a good number of other
56 US startups have become unicorns so far in 2024: Here’s the full list Read More »
Databricks is close to finalizing a $9.5 billion round at a $60 billion valuation, including a secondary sale for employees that could climb even higher before it closes, Reuters reports. Just 17 days ago, Reuters reported that the deal was at $8 billion and a $55 billion valuation. Thrive Capital is leading the deal with
Databricks is on track to raise a record $9.5+ billion round at $60B valuation Read More »
With disinformation on the rise, especially given the explosion of AI, companies are just as vulnerable to its effects as individuals. Refute is a London-based startup that detects and responds to disinformation on behalf of these commercial entities. It’s now raised a £2.3 million ($2.9 million) pre-seed round led by UK investors Playfair and Episode 1.
As AI-fueled disinformation explodes, here comes the startup counterattack Read More »
Gigs, a platform that makes it easier for any company to become a mobile virtual network operator (MVNO), has raised $73 million in a Series B round of funding. The announcement comes as countless companies have added mobile networking services to their product lineup this past year, including neobanks such as Nubank (a Gigs customer)
Gigs, an ‘MVNO in a box,’ gets $73M to power mobile network services for any company Read More »
